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On January 2, 2018, the first year of operations, Brunswick Corp. issued 15,000 shares of $10...

On January 2, 2018, the first year of operations, Brunswick Corp. issued 15,000 shares of $10 par value common stock for $15 per share.  On July 1, 2018, 2,000 of these shares were reacquired for $20 each. On September 1, 2018 Brunswick Corp. reissued 1,000 shares of its treasury stock for $22 per share. No other stock transactions occurred during the rest of fiscal year 2018. Use this information to determine the dollar amount that Brunswick will report on its fiscal year 2018 Balance Sheet for Paid in Capital Treasury Stock.

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So, Brunswick Corp will report $2,000 in Paid in capital from Treasury stock.

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ekkarill92 answered 2 years ago
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